Tag: Business

Mumbai (Maharastra) [India] September 13: LLumar, a global leader in high-performance automotive and architectural window films, proudly celebrates 25 successful years in India in partnership with Gras Impex Pvt. Ltd. (Gras-i). This milestone marks two and a half decades of mutual growth, innovation, and market leadership in the performance film segment, establishing LLumar as a premium brand in India.

Gras-i has played a crucial role in introducing LLumar to India, creating a robust distribution network and fostering an ecosystem that has solidified LLumar’s position in the market. The 25-year collaboration between LLumar and Gras-i showcases the synergy between the two brands, built on trust, consistency, and a shared vision for the future.

The event commemorating this achievement was graced by Mr. Andrew Vickers, Commercial Manager for Eastman Chemicals – Performance Films Division, who oversees the EMEA region and the Indian subcontinent. Mr. Vickers has been instrumental in overseeing LLumar’s journey in India, having closely observed the evolution of the brand since its inception.

Mr. Andrew Vickers, Commercials Manager for Eastman Chemicals – Performance Films Division (Parent company of brand LLumar) shared, “India has always been a market with immense potential, and witnessing the growth of LLumar in collaboration with Gras-i has been truly rewarding. The next few years will be critical as we expand into newer segments and strengthen our foothold in the luxury car market, while also exploring offerings for the mid-segment range.”

The Indian automotive industry is on the cusp of a significant boom, and LLumar is poised to capitalize on this momentum. With record sales of 4 million passenger vehicles and 40,000 luxury cars in 2023, LLumar is committed to expanding its product portfolio with innovative solutions like Wrap Protective Films set to launch by 2025.

Mr. Sanjiv Zaveri, Managing Director of Gras-i, expressed, “Our journey with LLumar has been a remarkable one, defined by integrity, trust, and a commitment to quality. We’ve witnessed brands come and go, but our partnership with LLumar has endured because we’ve built a solid ecosystem that prioritizes consistency and customer satisfaction. As we celebrate 25 years, we’re just getting started – we have much more to achieve together in the coming years.”

The celebration also highlighted the ongoing challenges posed by disorganized competition and the influx of inferior grade products. LLumar’s focus on quality remains unwavering, ensuring that customers receive long-lasting, premium protection for their vehicles and properties.

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Mumbai (Maharashtra) [India], September 13: The richness of life comes from the palace of our thoughts and how we use it to make our time on earth more productive. Wealth is a major part of a quality of living. But what’s it used for when not being able to add aesthetics and accessibility to it? Business Outreach Magazine stands by the vision of Bivan Choudhury, his wife and co-founder Goshmi Seth, and the team’s monumental efforts in making Ilara Hotels and Spa the most successfully emerging chain of hotels in India.

I had the incredible honor of attending the Universal Eminence Awards 2024 held in Mumbai. The event was beautifully organised by the talented Anil and Kalpana, creating a spectacular occasion that celebrated excellence across various fields. Sharing the stage with Arbaaz was a memorable experience, as we had the privilege of distributing awards to all the deserving recipients. It was truly a day to remember.

Life gives everyone their opportunity to make a name for themselves, and Bivan Choudhury has been working and manifesting his goal since the age of 13 years. What’s more interesting is Bivan’s resilience in shaping Ilara Hotels and Spa’s business model on a customer-focused approach. The journey of entrepreneurship is filled with a concoction of hurdles and victories. But Bivan Choudhury’s perspective has always been to embrace the roadblocks and surpassing them with his impeccable leadership and innovative mindset. Ilara Hotels and Spa is an epitome of luxury, but at an inexpensive rate. The sole purpose of this people-driven service model is for Bivan Choudhury, who wants elegance and a good experience of a luxury hotel, to be open to a diverse clientele.

The distinguished career of Bivan Choudhury is filled with invaluable moments. He shares with us his remarkable time at the Taj Hotels, where he worked for about 7 to 8 years. Bivan says that he garnered so much support and motivation from his colleagues and seniors. In the world of hospitality, which is an extremely competitive sector, Bivan disrupted the space with Ilara Hotels’ exclusive quality of services.

Bivan Choudhury founded Ilara Hotels and Spa in 2012 after garnishing a three-decade-long career in hospitality. There are about 17 properties in India which are strategically placed to fabricate the architecture’s beauty with scenic views and peace and serenity. Goshmi Seth further adds that the hotel collaborates with local artisans to enrich the culture and heritage of design which oozes from the constructive marvel of Ilara Hotels and Spa.

Ilara Hotels and Spa is actively seeking management contracts with hotels both within the country and in surrounding regions. Their goal is to assist small businesses in their growth journey by forming strategic partnerships. Through these collaborations, Ilara aims to provide these businesses with the resources and expertise needed to enhance their operations and reputation. By associating with Ilara Hotels and Spa, small hotels can look forward to a promising future marked by improved service quality, increased customer satisfaction, and stronger market presence.

A business is built for the people and by the people. Bivan Choudhury has sculpted an ecosystem of Ilara Hotels and Spa, where customers feel the properties to be a ‘home away from home’. For Bivan, customer service has always been a garnish of warmth and compassion towards clients. This has skyrocketed the credibility of Ilara Hotels to be an industry leader. Bivan Choudhury’s commitment and dedication in building the team of Ilara Hotels is nothing short of exceptional. His circle that has been creating extraordinary efforts to help the brand plan for an expansion includes Co-founder Goshmi Seth, Operational Strategist Rahul Kaushal, Financial Expert CFO Chandrasekhar, Head of Operations Ashok, Director of Food and Beverages Clayton Carter, Marketing Head Chakradhar, and Area Manager Operations Raja Mohammed. This pack is further perfected with the partnering of Corporate Chef Shamsher and a team of elite Executive Chefs.

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New Delhi [India] September 12: Dr. B.K. Modi (Raja Rishi), an Indian-born Singaporean citizen and prominent industrialist, has returned to India after 25 years abroad. Known for his contributions to business, technology, and wellness, Dr. Modi is committed to supporting India’s development and future growth.

As the founder and chairman of the Modi Group, a global conglomerate with diverse interests spanning Infratech, healthcare, technology, financial services, and entertainment, Dr. Modi has long been at the forefront of innovation. His recent return to India comes with a renewed focus on contributing to the nation’s growth, and his vision includes major investments in infrastructure and healthcare.

In January 2024, Dr. Modi announced two major initiatives: the development of an Industrial Smart City in Rampur, Uttar Pradesh, and Saket Health City in Delhi. With an investment exceeding USD 1 billion, these projects are set to modernize India’s infrastructure and elevate its global standing. Both projects align with the government’s goals for economic development and aim to create jobs and enhance quality of life.

Dr. Modi is actively working alongside government entities, industry bodies, and local communities to explore further opportunities for development in India. His strategic focus includes creating smart industrial cities, strengthening healthcare infrastructure, and empowering the youth through education and entrepreneurship.

Akshay Sehgal, CEO of the Delhi Projects for Modi Group, noted the impact of these developments: “The valuation of Saket Health City, with its 2.4 million square feet of commercial development and its strong rental value, has been a key driver of these initiatives.”

“As the Founder and Chairman of the OCI Investment Forum, I aim to inspire the OCI communities across the globe in making India the No. 1 economy in the world,” Dr. Modi said.

Dr. Modi expressed his enthusiasm for this new chapter: “India has always been close to my heart. I am excited to return at a time of great opportunity and look forward to leveraging global insights to contribute to local progress in meaningful ways.”

Beyond business, Dr. B.K Modi, a visionary billionaire who is also spiritually rich, is known for his deep commitment to spiritual and humanitarian causes. Honoured with the title of “Raja Rishi”, his leadership reflects a balance between material success and spiritual depth.

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New Delhi [India] September 12: The education industry worldwide is anticipated to reach a value of $10 trillion in the next decade. With a CAGR of 4.5%, it is expected to contribute to over 6% of global GDP. India’s education and skilling industry is projected to reach $313 billion by 2030. The 14th edition of Asia’s largest and India’s only Exhibition and Conference for Education and Skills Sector, Didac India 2024 is all set to take the sector to newer heights and support the government’s vision to become a global Education and Skill hub. Didac India is going to showcase world-class solutions and technologies fostering India’s education ecosystem. 300+ companies from India and across the globe shall display their innovative solutions for the education and skills sector.

The 14th edition of Didac India is organised by Messe Stuttgart India, one of the world’s leading trade fair companies in partnership with India Didactics Association, India’s only National association for the education & skills fraternity. The international event is scheduled for 18 – 20 September, at Yashobhoomi (India International Convention & Expo Centre), Delhi.

Aditya Gupta, CEO, of the India Didactics Association said, “To support the government of India’s vision and to further boost India’s education system, DIDAC India 2024 convenes thought leaders, educators, policymakers, and industry officials from all around the world for in-depth exploration and global showcase. India is witnessing a massive shift in the education and skilling sector with the introduction of AI and tech-driven solutions. Addressing this need of the hour, DIDAC India’s 14th edition will showcase a diverse array of futuristic solutions and resources to bolster the sector.”

To fuel innovations and foster growth in India’s promising education and skilling sector, DIDAC India is going to be the international display and launch platform for a diverse range of innovations including Education Technology, AI, Educational Supplies, IoT, Robotics, AV Equipment, Lab Equipment, Infrastructure, AR and VR, and Vocational Training, among others. DIDAC India is the only annual exhibition for education and skilling resources in India. It is a 3-day event that provides a dynamic platform for edtech businesses to showcase state-of-the-art education and skilling solutions.

Simultaneously, the event hosts The International Education and Skills Summit (TIESS) alongside Live Interactive IDA Academy Workshops.  The event features the participation of prominent brands such as Google, Apple, HP, Samsung, IBO, BenQ, Janatics, Pearson, Roombr, Teachmint, ViewSonic, Chartwells, Leadership Boulevard (Lead School), SchoolNet, Senses and several others. International pavilions from countries like Germany, Finland, State of Victoria, State of New South Wales, UK, etc., among others, will add to the grandeur.

The exhibition aims to strengthen the development of premium educational institutions that deliver high-quality education, equivalent to world-class institutions. It brings together education leaders, policymakers, and industry experts to highlight world-class solutions and products. Additionally, the event hosts live interactive workshops and brings together leaders, experts, and stakeholders from around the world to provide a unique experience.

The process of nurturing and strengthening India as a skilled nation involves ambitious initiatives and collaborative efforts across generations. There has been significant progress in training school students, university students, and professionals, but the ever-changing nature of work and technology necessitates continuous adaptation and investment in education. Both the government and education stakeholders have taken numerous steps to fulfil India’s global hub vision. By implementing the policies and strategies introduced by the government and adapting the digital education infrastructure, India can pave the way towards a brighter future. DIDAC India is meeting those technological advancements needs by becoming a launch pad for new tech, products, and solutions.

About Messe Stuttgart India

Messe Stuttgart India Pvt. Ltd., is the wholly owned subsidiary of Landesmesse Stuttgart GmbH and is poised to become a dominant force in the Indian trade fair and exhibition industry. Messe Stuttgart India is committed to fostering invaluable business connections and igniting growth, underpinned by a dedication to curate and organize world-class trade events that converge industry leaders, innovators, speakers, and stakeholders across diverse sectors.

Messe Stuttgart India’s portfolio of events – MOLDEX India, FASTNEX, LogiMAT India and DIDAC India stands as a testament to its mission – to create substantial opportunities for businesses to exhibit their products and services, establish connections with prospective partners, and remain at the vanguard of their respective industries. At the heart of Messe Stuttgart India’s endeavours lies a focus on excellence, a dedication to delivering extraordinary experiences, and a vision to serve as a steadfast ally in orchestrating successful trade fairs and exhibitions throughout India

About India Didactics Association

India Didactics Association (IDA) is the exclusive membership association in the country for the education and training fraternity engaged in improving pedagogy, learning, and teaching practices. The association is a conglomerate of all stakeholders of the education and skills industry in the country. The Non-Profit Organisation is working towards the development and welfare of Education in the country and unifies the Entire Education, Training and Skills Sector. It works with 88,000+ educators from 250 cities of India along with Central Government, State Governments. IDA has also partnered with various bodies like UGC, AICTE, NCERT, CBSE, and others for numerous initiatives.  IDA represents India in the international education communities and is partnered with national associations and ministries from 19+ countries.

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New Delhi [India] September 12: Cellecor Gadgets Limited, a maverick in innovative technology solutions, is thrilled to announce the upcoming launch of its premium range of smart TVs, set to redefine luxury home entertainment. Aiming to appeal to the refined tastes of customers in Tier 1 metro cities, these new models, which are scheduled for sale in sizes 75″, 86″, and 98″, mark Cellecor’s calculated foray into the high-end market.

The decision to launch these premium smart TVs stems from the overwhelming demand following the success of Cellecor’s models in tier 2 and tier 3 cities. In a time when viewing TV isn’t the only way to pass the time, Cellecor’s latest high-end smart TVs provide an unmatched fusion of innovative technology and sophisticated style. Every model is designed to provide an immersive sound experience and incredibly sharp 4K pictures in your living room.

Cellecor Gadgets Limited is in a strategic alliance with renowned retail giants, which will allow it to win over the hearts and minds of every customer. The company is ensuring that tech-savvy consumers in key metro areas can easily access these high-end smart TVs by working with well-known large-format retail (LFR) partners.

It is often quoted, that the consumer electronics industry is a realm of cut-throat competition, constantly presenting new challenges. As the electronics landscape evolves, so do customer demands. There has been a notable rise in the demand for larger-screen smart TVs, as people increasingly prefer to enjoy shows and movies from the comfort of their homes. In response to this market trend, Cellecor has developed a strategic plan to roll out its premium range of smart TVs, designed to capture the hearts of its customers.

“We are demonstrating our dedication to quality and innovation by entering the premium smart TV market,” said Ravi Agarwal, Managing Director and Founder at Cellecor Gadgets Limited.  “We are aware that our customers want an experience, not just a television. Not only are we fulfilling these demands with our new line, but we are also raising the bar for what constitutes quality home entertainment.

It is evident that Cellecor Gadgets Limited is not merely entering the high-end market, but revolutionizing it as it prepares to launch its line of premium smart TVs. Through the integration of cutting-edge technology with sophisticated design and the utilization of tactical retail alliances, Cellecor is poised to provide an unmatched experience in home entertainment. The company is not only satisfying the increasing consumer demand for larger, more immersive viewing options with these new models, but it is also raising the bar for luxury and innovation in consumer electronics. Get ready to take your home entertainment to unprecedented new levels with the latest products from Cellecor.

About Cellecor Gadgets Limited 

Cellecor Gadgets Limited journey in the electronics device business, and selling products in its own brand, including mobile feature phones, smartwatches, TWS (True Wireless Stereo) earbuds, neckbands, and LED TVs -outsource from various electronic assemblers and manufacturers, started in 2012 as M/s Unity Communications-its founder Mr. Ravi Agarwal’s proprietorship firm. The company is promoted and managed with an enduring sustainable business strategy, wherein the company aims to synergetic amalgamate business potential embedded in the ever-growing demand for electronic products with a modern business approach of sourcing, producing, and marketing with an objective to provide quality products at affordable prices. Today, Cellecor Gadgets Ltd is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products, including mobile phones, smart TVs, speakers, neckbands, TWS, soundbars, smartwatches, Washing Machines, and many more.

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New Delhi [India] September 10: e’clat, a name synonymous with innovation and excellence in the skincare industry, is once again setting the benchmark. Renowned for its groundbreaking and best-in-class facial serums, including the much-loved Vitamin C Serum and Fadeout Serum, which have garnered a loyal following among millions, including celebrities and dermatologists alike, e’clat is poised to revolutionize the skincare game as it celebrates a decade of success in the Indian market.

As e’clat approaches its 10th anniversary, the company is taking a significant step forward, ushering in a new era in skincare. Mr. Deepank Gupta, CEO of e’clat, announced an exciting new initiative that will see the brand transition its product offerings from 30 ML to 50 ML, with no price increase, marking a significant shift in the skincare industry.

“At e’clat, our love for the planet and our commitment to sustainability have always been at the core of our brand values,” said Mr. Gupta. “This initiative is our way of giving back to Mother Earth while also expressing our gratitude to the millions of customers who have made e’clat what it is today. By offering 50 ML of our best-in-class serums at the same price, we’re making it easier for everyone to experience the finest in skincare without having to spend extra.”

This move is not just about increasing the product size; it’s about redefining accessibility and sustainability in the skincare industry. By reducing the number of packages required, e’clat is significantly lowering its environmental footprint, thereby contributing to a greener planet. At the same time, this initiative makes premium skincare more accessible to those who want to give their skin the best without compromising on quality or cost.

So, get ready to glow more with e’clat – without paying extra. As the rules of the skincare game change, e’clat continues to lead the way, ensuring that beauty and sustainability go hand in hand.

For more information on e’clat’s latest initiative and to explore their range of 50 ML products, visit www.eclatsuperior.com or follow eclatsuperior

About e’clat

e’clat is a leading skincare brand known for its innovative and best-in-class facial serums. With a decade of experience in the Indian market, e’clat has become a trusted name among millions, including celebrities and dermatologists. The brand is committed to sustainability, innovation, and making premium skincare accessible to all.

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New Delhi [India], September 12:  Health and Wellness Industry: The Indian health and wellness industry is growing rapidly as consumers shift toward preventive healthcare, prioritising wellness and disease prevention over reactive treatments. This change is driven by increasing lifestyle-related health issues like diabetes, obesity, and heart disease. People are adopting healthier lifestyles with regular exercise, balanced diets, and proactive health monitoring. Technological advancements, such as health apps and wearables, support this shift by offering real-time tracking and personalised care. Integrating modern innovations with traditional practices like Ayurveda, the industry is set to reach a projected valuation of $1,299.84 billion by 2024, reflecting its significant expansion.

About the Company:

Aayush Wellness Ltd (BSE – 539528) the (ISO- 9000 and 22000 certified company), established initially as Aayush Food and Herbs Ltd. in 1989 and listed on the Bombay Stock Exchange (BSE), has emerged as a pioneering force in the health and wellness industry. The journey began with a vision to deliver high-quality health and food products. Over the years, Aayush Wellness Limited built a legacy of consistency and excellence in this endeavour. Aayush Wellness is revolutionising the health and wellness space by combining modern science with the wisdom of contemporary Ayurveda. This innovative approach enables the company to deliver premium, research-backed, and scientifically proven health solutions. As consumer demand for natural and effective wellness products grows, Aayush Wellness focuses on preventive healthcare with rigorously developed products that deliver accurate results.

Their commitment to blending the best of nature and science ensures they meet the needs of today’s health-conscious individuals. Positioned as a leader in the nutraceutical market, the company’s holistic approach aims to make optimal well-being achievable for all. Aayush Wellness is poised for continued success as health awareness continues to rise globally.

Company Footprints

The company has successfully expanded its reach, distributing products across every region of India. A significant portion of sales is concentrated in critical markets such as Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, and Madhya Pradesh, where there is robust demand for their products.

Our Products

Herbal Products:

Herbal Pan Masala: With rising health consciousness, consumers are more aware of the harmful effects of tobacco and toxic substances in traditional pan masala. To address this, Aayush Wellness has introduced Aayush Herbal Pan Masala, offering a healthier alternative made from Ayurvedic ingredients. It delivers a similar taste and experience without the health risks.

Industry Overview

The pan masala

The pan masala market in India size reached INR 44,973.0 Crore in 2023. Looking forward, IMARC Group expects the market to reach INR 62,067.7 Crore by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032 (Source: IMARC).

Key Growth Drivers:

Changing Lifestyles and Rising Disposable Income:

With the evolving lifestyles of consumers in India, there has been a noticeable shift in their preferences for convenience and indulgence. As disposable income rises, people seek products that offer a quick and enjoyable experience. Pan masala, with its wide range of flavors and easy availability, caters precisely to these changing consumer patterns. It provides a convenient and refreshing option for those looking for a quick pick-me-up during their busy routines or social gatherings.

Rapid expansion of distribution networks:

The rapid expansion of distribution networks in the pan masala market refers to quickly growing supply chains, ensuring product availability in more locations. This includes increasing wholesalers, retailers, and regional distributors, especially in smaller towns. It boosts market reach, sales, and brand presence.

Aggressive Marketing:

Aggressive marketing activities and product promotions by manufacturers for popularising pan masala and reaching a broader consumer base are propelling the market growth Other factors, including easy product availability across various e-commerce platforms and continual product innovations by key players, are also anticipated to drive the market further.

Nutraceuticals:

Dreamy Sleep Gummies:

Acknowledging the escalating issues of poor sleep quality, with 42 crores of Indians struggle with insomnia (Source: National Institute of Health) and the surging demand for natural wellness solutions, Aayush Wellness Limited is making a bold move in the thriving gummies market with the launch of its Sleep Gummies, crafted to enhance sleep quality and alleviate stress

Gummies Market:

Gummies have gained popularity for their practicality and enjoyable consumption experience. The India gummy market size was estimated at USD 316.2 million in 2023 and is expected to grow at a CAGR of 17.4% from 2024 to 2030. Gummies provide a convenient and appealing alternative to traditional pills and capsules, making them a preferred choice for those looking for an easy and enjoyable way to support their wellness. The growing consumption of gummies by consumers as part of their preventive healthcare practices to fill nutrient gaps is expected to drive the market growth of the Gummies.

Nutraceuticals Industry Overview:

Nutraceuticals are products derived from food sources that offer additional health benefits beyond essential nutrition, often used to prevent chronic diseases or support overall well-being. The India nutraceuticals market size was estimated at USD 26.87 billion in 2023 and is projected to grow at a CAGR of 13.5% from 2024 to 2030. (Source: Grand View Research). The nutraceutical market is driven by rising consumer health consciousness, increased prevalence of lifestyle-related diseases, and growing demand for preventive healthcare. Key product categories include dietary supplements, functional foods, and beverages, with ingredients like vitamins, minerals, herbs, and probiotics playing a significant role. The market is expected to grow robust due to advancements in research and development, evolving consumer preferences, and supportive regulatory frameworks.

COMPANY PLANS TO LAUNCH MORE PRODUCTS IN THE HERBAL AND NUTRACEUTICALS SEGMENTS. THIS WILL FURTHER BOOST THE COMPANY’S TOPLINE AND BOTTOM LINE.

Company Performance:

The company achieved an impressive 6300% y-o-y topline growth and 183.56% y-o-y bottom-line growth. Company’s total revenue stood Rs. 1110.56 lakhs vis-à-vis Rs. 17.35 lakhs in June 2023 and profit after tax stood at Rs 25.49 lakhs, vis-a-vis Rs 8.98 lakhs in the same quarter last year.

The Earnings Per Share (EPS) has also risen to Rs 0.79 per share vis-a-vis Rs. 0.28 per share, reflecting a substantial 184% y-o-y rise. This notable growth was fueled by the successful expansion and enhancement of its product portfolio, alongside solid performance across its core business segments in the Healthcare and wellness sector. In the June 2024 quarter, the company achieved a Profit After Tax (PAT) of Rs. 25.49 lakhs, representing a substantial increase of 51.30% compared to the PAT of Rs. 16.85 lakhs recorded in the previous quarter (March 2024).

Recent Announcements:

Stock Split and ESOP:- Aayush Wellness Limited recently received Board approval to subdivide its equity shares, splitting 1 share with a face value of Rs. 10 into 10 shares of Rs. 1 each. This move aims to boost liquidity and make shares more accessible to a broader range of investors. Additionally, the Board, based on the Nomination and Remuneration Committee’s recommendation, has introduced the ‘Aayush Wellness Limited – Employee Stock Option Plan 2024’ to attract and retain talent. Under this SEBI-compliant plan, 30,00,000 stock options will be granted to eligible employees of the company, its future group companies, subsidiaries, and associates.

Stock Data:

Stock Data (as on Sep 10th 2024)
CMP	52.34
52 Weeks High/Low	52.34/2.55
Market cap	Rs. 170 Cr.
P/E	435x
BSE Code	539528

Since April 2023, the company has demonstrated exceptional performance, with its stock price surging by an impressive 2,584.10%. An investment of Rs. 1 lakh made on April 1, 2023, would have appreciated to Rs. 26,84,100 as of September 9, 2024. This remarkable growth highlights the company’s robust financial health and significant value creation over the period.

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